- Fulcrum Utility Services said revenue and cash for the year ending 31 March were expected to be in line with market forecasts, while EBITDA was expected to be slightly ahead of market forecasts.

The company said it had performed strongly over the 12-month period and the order book had increased by £7.2m (33%) to £29.0m.

It said this increase highlighted progress within the business during 2016-17 and included £4.2m for the gas conversion contract in the South West reported at the half-year.

Chief executive Martin Donnachie said: "We have achieved our aim of growing the sales order book - 2016-17 has seen continued expansion of both our infrastructure services and asset ownership businesses.

"The business has an established and growing market leading position.

"We will continue to focus on improving customer service, building our order book and using the cash generated to increase the asset base and the recurring transportation income, all whilst maintaining and improving operational disciplines.

"We remain confident in our outlook for the business."

At 9:37am: [LON:FCRM] Fulcrum Utility Services Ltd share price was +2p at 60p

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